As long as price holds over the 1.5100 expect
price to back test the Break out box as
The last defense line at 1.4990
only under this level consider to be short
if it hold over the 1. 5110 expect price
to reach the upper T1 Zone
i will wholeheartedly disagree with your approach. let the following daily chart speak for itself--please note that all references to weekly pivots will need to be updated with the start of the new week, tomorrow Sunday. but for now, this is what the chart tells us:
yes yes ... thing is, i don't need to. the algos i developped work just fine. but i get curious mind how other people do things when i see something that does not make sense at first glance. for comparison, my approach gets the SPPT/RSST levels to the pip. so when setting TPs for ex, price always gets there. now, that is not to say that price does not go beyond the TP sometimes, but whether it does or not, the TP is hit. all this with only what you see on the screenshot. and i don't use any MAs. so when i saw you are using MAs, i just could not understand. especially since MAs lag so much. but anyway, if you don't want to explain a little more about the magic sauce, more power to you. i'll leave you in peace.
forgot to say, as to to your TP zones, agree with up T1 but down T1 seems more like magic to me. haven't checked weekly or monthly--is there some level on those charts that makes you believe this is the correct TP1 zone?